ETHEL'S FOUNDATION FOR THE ARTS INC (EIN 134198925) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DAVID FRANKEL

Phone

9148417405

Tax Period

2023-01-01 to 2023-12-31

ETHEL'S FOUNDATION FOR THE ARTS INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $477K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $580K exceeded revenue, resulting in a 22% operating deficit.

Mission

ORGANIZATIONS'S MISSION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $235,193

Program Service Revenue $235,028

Investment Income $6,707

Other Revenue $0

TOTAL REVENUE $476,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $341,181

Fundraising Expenses $76,824

Program Expenses $444,472

Other Expenses $239,186

TOTAL EXPENSES $580,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$476,928	$691,332	-0.3%
Expenses	$580,367	$587,802	0.0%
Net Income	$-103,439	$103,530	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$190,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON CARTER	DIRECTOR	0.300	Director	$0	$0	$0
RIK FAIRLIE	SECRETARY	0.300	Director	$0	$0	$0
RALPH FARRIS	DIRECTOR	0.300	Director	$65,250	$0	$65,250
BETH FERTIG	DIECTOR	0.300	Director	$0	$0	$0
DAVID FRANKEL	CHARIMAN TREASURER	0.300	Director	$0	$0	$0
MURRAY HIDARY	CHAIRMAN EMERITUS	0.300	Director	$0	$0	$0
KIP JONES	DIRECTOR	0.300	Director	$0	$0	$0
DORORTHY LAWSON	DIRECTOR	0.300	Director	$62,000	$0	$62,000
CORIN LEE	DIRECTOR	0.300	Director	$63,500	$0	$63,500
MOLLY MCBRIDE	DIRECTOR	0.300	Director	$0	$0	$0
ULYSSES OWENS JR	DIRECTOR	0.300	Director	$0	$0	$0
GREIG SARGEANT	DIRECTOR	0.300	Director	$0	$0	$0
WALTER SMITH	DIRECTOR	0.300	Director	$0	$0	$0
MELIN TAN-GELLER	DIRECTOR	0.300	Director	$0	$0	$0
ANJU UCHIMA	DIRECTOR	0.300	Director	$0	$0	$0
CLAIRE WEISZ	DIRECTOR	0.300	Director	$0	$0	$0
ANDREA WOODNER	PRESIDENT	0.300	Director	$0	$0	$0
KATHY WORM	DIRECTOR	0.300	Director	$0	$0	$0
LAURA LOU LEVY	DIRECTOR	0.300	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$476,928	$580,367	$503,610	$-103,439
2022	$691,332	$587,802	$606,034	$103,530
2021	$863,996	$523,015	$510,978	$340,981
2020	$497,116	$457,008	$214,968	$40,108
2019	$607,411	$596,112	$105,931	$11,299
2018	$632,381	$628,481	$109,075	$3,900

ETHEL'S FOUNDATION FOR THE ARTS INC